Export prices were stable, at fairly high levels, as no new export contracts were made. Exporters
expect the Ministry of Trade to revise Vietnam’s 2004 rice export target by early September 2004.
Paddy prices in domestic markets, however, continued declining, slightly, by VND 10-30/kg
compared with last week’s level. The price of material (unpolished) rice is quoted at VND
2,900/kg. (Exchange rate is $1 equal to VND 15,755 as of August 24, 2004)